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Author Topic: Apple Founder Reminds the Impact of Bitcoin and other crypto.  (Read 143 times)
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July 13, 2018, 01:52:36 AM
 #1

Steve Wozniak may be one of the supporters of the existence of Bitcoin. However, it has the opposite view of blockchain.

According to one of the founders of Apple, the trend surrounding the blockchain is similar to what he saw in the dotcom era, a time when many companies went out of business quickly.

"It had bubbles and I felt the same way with blockchain," Wozniak said while speaking at a NEX technology conference in New York.
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July 13, 2018, 02:27:59 AM
 #2

OP will do well if they supplied the forum a link to the source of the news they have posted here. That is the right way things are done in here. Otherwise, we assume they are posting irrelevant material just to increase post count.

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July 13, 2018, 02:55:43 AM
 #3

"It had bubbles and I felt the same way with blockchain," Wozniak said while speaking at a NEX technology conference in New York.

it seems like he is pointing to the altcoins and their big bubbles and how they are going to end badly. like anything else whenever there is a hype surrounding something (bitcoin in this case) everyone else wants in but some people get the feeling of being late so they look at the alternatives but the alternatives being bad in nature means they go in bubbles and their burst will be drastic.

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July 14, 2018, 06:48:21 PM
 #4

Apple co-founder Steve Wozniak gave his personal opinion that Bitcoin will once be the world's only intermediate medium. Bitcoin will be one of the key areas of investment, if Bitcoin can maintain its fluctuation.
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July 14, 2018, 07:00:21 PM
 #5

Steve Wozniak may be one of the supporters of the existence of Bitcoin. However, it has the opposite view of blockchain.

According to one of the founders of Apple, the trend surrounding the blockchain is similar to what he saw in the dotcom era, a time when many companies went out of business quickly.

"It had bubbles and I felt the same way with blockchain," Wozniak said while speaking at a NEX technology conference in New York.

If you see the bitcoin price and technology. You will be find the marketplace value with the bitcoin acceptance soon because of the impact given by the  various people but you will also should support the marketplace growth by your investment capacity mate. I do not know how many people putting their investment on it.

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July 14, 2018, 07:05:56 PM
 #6

Steve Wozniak may be one of the supporters of the existence of Bitcoin. However, it has the opposite view of blockchain.

According to one of the founders of Apple, the trend surrounding the blockchain is similar to what he saw in the dotcom era, a time when many companies went out of business quickly.

"It had bubbles and I felt the same way with blockchain," Wozniak said while speaking at a NEX technology conference in New York.

Yeah, I would also like to see the link or the source of the news.

For me Steve W. is somewhat on the middle. Although he claimed that he had been scam by someone when he trade his bitcoin thru paypal, but he keeps a quiet and distance himself from crypto discussions.

I don't know where he's coming from in terms of blockchain though, its the technology that empowered bitcoin and other crypto, how will it bubble them similar to dotcom? Blockchain will remain Blockchain in my opinion, as opposed to dotcom companies wherein nothing is reinvented, it was a boom that everyone took advantage off but with no concrete output was even made.

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July 14, 2018, 07:12:34 PM
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 #7

The parallels between the dotcom bubble and the ICO bubble are very strong. Both involved companies attempting to do something with a technology nobody had a clue what to do with. Then they proved it by collapsing. I don't know if the ICO thing is anywhere near properly dying, but it will.

I'll be amazed if more than 5% of anything ICO related ever delivers anything with an actual value or use. That may not stop them trading long after their death though. Ripple has managed to string out its promises for 15 years now.

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July 14, 2018, 07:13:11 PM
 #8

yes that's right some people are still not supporting the cryptocurrency market, they feel it's not a trustworthy source to invest ,here many irrelavent products are available so that the market exchanges increase but those use it they know how systemetic and well manage business it is, we should not pass any statement until we don't have to proper knowledge about that subject but in case of cryptocurrency no one follow it
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July 14, 2018, 07:22:48 PM
 #9

The parallels between the dotcom bubble and the ICO bubble are very strong. Both involved companies attempting to do something with a technology nobody had a clue what to do with. Then they proved it by collapsing. I don't know if the ICO thing is anywhere near properly dying, but it will.

I'll be amazed if more than 5% of anything ICO related ever delivers anything with an actual value or use. That may not stop them trading long after their death though. Ripple has managed to string out its promises for 15 years now.


I agree - the ICOs and altcoins in general have achieved insane violations. This in many ways resembles the tech bubble, where companies went to IPOs with nothing more than an idea. The problem I have is that people extend this comparison to Bitcoin as well, forgetting that Bitcoin is the first decentralized currency, with a vibrant community backing it.


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July 14, 2018, 07:28:13 PM
 #10

The problem I have is that people extend this comparison to Bitcoin as well, forgetting that Bitcoin is the first decentralized currency, with a vibrant community backing it.

Yes. I often ponder this too.

There's a lot of dumb money out there and it probably won't differentiate. It's up to smarter money to make Bitcoin's position of standing outside that emptiness clear.

I guess the primary difference is that Bitcoin promises you nothing other than continuing to be Bitcoin.

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July 14, 2018, 07:31:54 PM
 #11

The parallels between the dotcom bubble and the ICO bubble are very strong. Both involved companies attempting to do something with a technology nobody had a clue what to do with. Then they proved it by collapsing. I don't know if the ICO thing is anywhere near properly dying, but it will.

I'll be amazed if more than 5% of anything ICO related ever delivers anything with an actual value or use. That may not stop them trading long after their death though. Ripple has managed to string out its promises for 15 years now.


I agree - the ICOs and altcoins in general have achieved insane violations. This in many ways resembles the tech bubble, where companies went to IPOs with nothing more than an idea. The problem I have is that people extend this comparison to Bitcoin as well, forgetting that Bitcoin is the first decentralized currency, with a vibrant community backing it.

This is exactly right. There is an ICO bubble, definitely. But the general public seems to conflate this ICO bubble with Bitcoin and the other useful cryptocurrencies. This is obviously ridiculous. ICO's have in a sense made the crypto market seem like a giant joke. They always have these coins that have ridiculous names, silly photoshopped images of the "founders" and dev team of the ICO, and ICO's always seem to fail and cost investors loads of money. They are essentially get rich quick schemes for whoever launches the ICO.

The ICO bubble will certainly be popping really soon. People will soon realize that these ICO's produce nothing useful and are basically worthless. Once the ICO market dies, it will be much better for the main cryptocurrencies. All that extra money can move into the coins that are actually important.

The moral of this story is, don't conflate Bitcoin with ICO's. It's like comparing name brand products to crappy off-brand products.


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Xenrise
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July 14, 2018, 07:37:12 PM
 #12

Bitcoin is in fact, very going in with full of impact. Bitcoin is the greatest cryptocurrency and I can't see any reasons why or how folks that are multimillionaire, billionaire, can't see the greatness of bitcoin. I can't help it but how is it possible, people are questioning this era? This era is great, a lot of business venture has exploded, cashless payment is here. What else what they wanted?



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Crgvictor
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July 14, 2018, 07:56:56 PM
 #13

Was he talking about bitcoin bubble? Then i would say that wasn't bubble, it was just the nature of bitcoin by which the price rise really high
salinagomez
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July 15, 2018, 05:42:45 AM
 #14

The statement made here looks completely based on the current market trend, which is sad and terrible. But then again, every industry faces a downturn or tough times. The crypto market is no such exception to that either. But this still does not indicate the end of anything. The market will recover by the end of this year.
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July 15, 2018, 10:39:46 AM
 #15

This type of news shows this markets popularity among the world. So many big names are connecting with this market and they think about this market. We all know bitcoin is the best coin among all crypto coins that’s why they want to connect with bitcoin.
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July 15, 2018, 05:47:45 PM
 #16

One of the founder of Apple named Steve Wozniak has given positive thoughts about crypto. Good to have this appreciation.
pixie85
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July 15, 2018, 06:26:04 PM
 #17

The parallels between the dotcom bubble and the ICO bubble are very strong. Both involved companies attempting to do something with a technology nobody had a clue what to do with. Then they proved it by collapsing. I don't know if the ICO thing is anywhere near properly dying, but it will.

I'll be amazed if more than 5% of anything ICO related ever delivers anything with an actual value or use. That may not stop them trading long after their death though. Ripple has managed to string out its promises for 15 years now.


I think that people are seeing it and many choose to hide their true intentions in a shroud of technobabble. I read so many announcements in the last year and most of them were totally crazy. Those people wanted to build a financial empire, a huge company, and they already had the whole board of directors, but they had no prior projects, no experience and no money. Everybody wants to be a CEO these days.

robertcross07
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July 15, 2018, 07:05:12 PM
 #18

I also have gone through his quotes on forbes regarding bitcoin where he actually wanted to remind the investors to focus on the user experience also rather focusing only on price increment. I think, as a business guy he suggested some suggestions for the market which is really appreciable.
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July 15, 2018, 08:17:10 PM
 #19

I also see the news and I think Wozniak said about the history of crypto currency and the purity of bitcoin. As an investor you should go forward for your business I guess.
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July 16, 2018, 06:24:13 PM
 #20

According to His statement its really disappointing based on this this market conditions nowadays is really typical based on this not everyone support hits coin because they think they cant invest here proper time so they mistake the chance but this coin will rise soon I think.
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